| | |  Editorials | Opinions | November 2009 
Calderón Swallows Bitter Pill
 The News
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At long last, and late, Congress has approved the 2010 government operational budget with cuts for many secretariats and increases for a few.
Dissension came from the Party of the Democratic Revolution (PRD) whose leader in the Senate even quipped sarcastically that President Felipe Calderón ended up "with a knee on the canvass" before the once-again mighty Institutional Revolutionary Party (PRI) which dictated how the budget was to be allocated.
Calderón in September had proposed to get rid of three secretariats, increase taxes by 2 percent and develop a fund to combat poverty. His three proposals were wiped out this time with the support of his own National Action Party (PAN), whose leader in Congress, Josefina Vazquez Mota, voted against the President´s proposals.
Fortunately for Calderón, he is now in Singapore for the Asian Pacific Economic Cooperation (APEC) forum and not in the nation to swallow this bitter pill.
The new budget, however, has been positively approved by Standard and Poor´s and surely other economy rating brokerage firms will be of the same opinion.
And unlike before, Congress will check with the Finance Secretariat to make sure that every budgeted centavo is spent by the secretariats.
Upon implementing the 2009 budget, it was reported that many of them did not make full use of allotted monies from last year.
The last vote on Tuesday brings to an end this most interesting debate, in which, no doubt, the President of Mexico finished with a black eye. |
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